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Government financial support and firm productivity in vietnam

Using the Färe-Primont index and instrumental variable fixed effect estimation for the data of small and medium-sized enterprises (SMEs), this study considers if receiving government financial support enables SMEs in Vietnam to become more productive. The paper discovers no evidence of linkage betwe...

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Detalles Bibliográficos
Autores principales: Vu, Quang, Tran, Tuyen Quang
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7318954/
https://www.ncbi.nlm.nih.gov/pubmed/32837373
http://dx.doi.org/10.1016/j.frl.2020.101667
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author Vu, Quang
Tran, Tuyen Quang
author_facet Vu, Quang
Tran, Tuyen Quang
author_sort Vu, Quang
collection PubMed
description Using the Färe-Primont index and instrumental variable fixed effect estimation for the data of small and medium-sized enterprises (SMEs), this study considers if receiving government financial support enables SMEs in Vietnam to become more productive. The paper discovers no evidence of linkage between financial support and firm productivity. However, access to financial support improves technological progress and growth in firm scale but has a negative effect on improvement in technical efficiency. The estimation results reveal that the use of productivity as an aggregated index in previous studies may hide the real effect of government support on firm productivity.
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spelling pubmed-73189542020-06-29 Government financial support and firm productivity in vietnam Vu, Quang Tran, Tuyen Quang Financ Res Lett Article Using the Färe-Primont index and instrumental variable fixed effect estimation for the data of small and medium-sized enterprises (SMEs), this study considers if receiving government financial support enables SMEs in Vietnam to become more productive. The paper discovers no evidence of linkage between financial support and firm productivity. However, access to financial support improves technological progress and growth in firm scale but has a negative effect on improvement in technical efficiency. The estimation results reveal that the use of productivity as an aggregated index in previous studies may hide the real effect of government support on firm productivity. Elsevier Inc. 2021-05 2020-06-26 /pmc/articles/PMC7318954/ /pubmed/32837373 http://dx.doi.org/10.1016/j.frl.2020.101667 Text en © 2020 Elsevier Inc. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Vu, Quang
Tran, Tuyen Quang
Government financial support and firm productivity in vietnam
title Government financial support and firm productivity in vietnam
title_full Government financial support and firm productivity in vietnam
title_fullStr Government financial support and firm productivity in vietnam
title_full_unstemmed Government financial support and firm productivity in vietnam
title_short Government financial support and firm productivity in vietnam
title_sort government financial support and firm productivity in vietnam
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7318954/
https://www.ncbi.nlm.nih.gov/pubmed/32837373
http://dx.doi.org/10.1016/j.frl.2020.101667
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